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Bank of America reports Q2 earnings beat
Bank of America (BAC) reported second quarter adjusted EPS of $0.89, beating estimates of $0.85, with revenue near $26.5 billion. Yahoo Finance Reporter Josh Schafer highlights the latest report and CEO Brian Moynihan’s comments on consumers maintaining steady spending.
Bank of America Profit Rises 3% as Earnings Top Expectations
Bank of America’s net income for the second quarter increased 3% from a year ago to $7.1 billion, the bank said Wednesday. Earnings per share were 89 cents, topping analysts’ estimates for 86 cents, according to estimates compiled by FactSet.
Detailed price information for Bank of America Corp (BAC-N) from The Globe and Mail including charting and trades.
1don MSN
Q2 earnings and revenue easily beat the average analyst estimates on Wednesday on the back of a strong increase in net interest income and solid gains in investment banking fees and equities revenue.
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